This is not to be confused with the deadline for filing taxes for the current financial year, which is on or before July 31. Last year this deadline was extended till August, but the gesture may not be repeated.

Apart from farmers and the gareeb nagrik, it is the older demographic that stands to gain the most from the latest Budget. To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.

Budget 2018 has been kinder to senior citizens, in order to allow them a \"dignified life\". To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.

As Finance Minister Arun Jaitley gets ready to deliver his government's last regular union budget ahead of 2019 elections, speculation is rife that the Finance Minister may present a populist Budget 2018 after taking into account the political considerations.

There are a lot of expectations from Budget 2018 and the common man is hoping that with a number of fiscal reforms already in place, and with direct tax collections up post the demonetization period, the government would provide some relief in personal taxes.

Arun Jaitley came out all guns blazing in his maiden Budget speech in Parliament on July 10, 2014. To begin with, he raised the income tax exemption limit from Rs 2 lakh to Rs 2.5 lakh for individual taxpayers below the age of 60.

Two weeks to go before Finance Minister Arun Jaitley presents the Union Budget 2018-2019, the last regular Budget under the Narendra Modi government. Public expectation, therefore, is high that the coming Budget will be populist in nature, trying to please as many as possible.

The first Budget since demonetisation has been a careful exercise by Finance Minister Arun Jaitley. It caters to the core constituency - farmers and lower income people - while not introducing anything that hurt industry.